In The News

Cahal Milmo January 1, 2008
The record profits earned by oil companies could go for researching oil substitutes – energy alternatives – rather than developing technology to extract every last drop of oil from the ground, argue environmentalists. BP executives made a pledge to move beyond oil and explore energy alternatives, but the company also has invested in technology to extract oil sands in Canada. The reserves in...
Eckart Woertz December 12, 2007
The Gulf Cooperation Council (GCC) was established in 1981 by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE, with all agreeing to some common objectives based on their Islamic beliefs in trade, security, agriculture and investment. Plans include uniting around a common market in 2008, which will “move beyond the free movement of goods and services that has been agreed upon in the GCC customs...
Rory Carroll November 15, 2007
Venezuelan President Hugo Chávez has gained both prestige and notoriety for his use of oil diplomacy throughout Latin America. An oil boom combined with Chávez’s socialist policies has had two consequences: a surge of imported luxury goods and a shortage of food staples. According to the research group Datanalisis, as much as a quarter of the supply of food staples is “disrupted,” and any stock...
Dianna Games November 7, 2007
African countries, writes South African consultant Dianna Games, cannot afford to let globalization be foisted upon them. Instead, governments on the continent must actively engage in global trade and politics, so that “the benefits of the global order” will no longer elude Africans. Governments must move beyond international links built primarily to exploit Africa’s natural resources. That...
Chip Cummins November 5, 2007
The countries of the Persian Gulf have long been destinations for migrants looking to take advantage of relatively high-paying construction jobs in these economically booming states. Of late, however, foreign workers find it less cost-effective to continue working in places like Dubai, where the local currency is linked to the falling dollar. This, in conjunction with inflation in the housing...
Michael L. Ross October 30, 2007
Governments with ample supplies of energy products find it easier to commit human-rights violations. Governments can use their oil and gas products to "buy their way out of trouble," writes political scientist Michael Ross for the Los Angeles Times. "Myanmar is Asia's fastest-growing petroleum exporter; China is the world's fastest-growing importer," he writes,...
David Ignatius October 29, 2007
The West, including Russia, is serious about keeping nuclear weapons out of the Middle East. The 2003 invasion of Iraq removed a dictator – but cost billions, ruined the nation’s economy and displaced millions of refugees, even though no weapons of mass destruction were found. Other countries in the region now worry that the US plans an attack on Iran for refusing to stop a nuclear program that...